RE:RE:Huge Block Trade At The Closesubliminal23 wrote: I was hoping that the buyer would be Dorel buy back but unlikely because they are using BMO Nesbitt for automatic share purchase for NCIB. However, I am still holding out hope that Dorel is scooping up those on the cheap. It would be nice to find out that they used the proceeds from the sale of the building to increase my equity stake by 10%. That would maybe make me despise them a little less.
The maximum daily for the NCIB is 27,931 shares. So far this year they have bought back 69,600 class B shares for $500,000. Clearly they are not the buyer. I think it's FIdelity as they are no longer a 10% holder and do not have to report.
Not sure what you mean by 'despise' them? Are you referring to management? I think at this point, with a recession looming the best thing to do id conserve cash and be ready for the recovery when it comes.